Quarterly Holdings Report
for
Fidelity Flex® Small Cap Focused Index Fund
July 31, 2026
FXS-NPRT1-0926
1.9918050.101
Common Stocks - 99.9%
 
 
Shares
Value ($)
 
BAHAMAS (NASSAU) - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Diversified Consumer Services - 0.0%
 
 
 
OneSpaWorld Holdings Ltd
 
282
7,263
BERMUDA - 0.1%
 
 
 
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Teekay Corp Ltd
 
1,083
12,617
CANADA - 0.2%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Teekay Tankers Ltd Class A
 
35
2,778
Information Technology - 0.2%
 
 
 
Software - 0.2%
 
 
 
D-Wave Quantum Inc (a)
 
1,733
31,333
TOTAL CANADA
 
 
34,111
CHINA - 0.3%
 
 
 
Information Technology - 0.3%
 
 
 
Semiconductors & Semiconductor Equipment - 0.3%
 
 
 
ACM Research Inc Class A (a)
 
597
46,847
indie Semiconductor Inc Class A (a)
 
4,326
13,973
 
 
 
 
TOTAL CHINA
 
 
60,820
GHANA - 0.1%
 
 
 
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Kosmos Energy Ltd (a)
 
7,264
19,540
IRELAND - 0.1%
 
 
 
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Ardmore Shipping Corp
 
739
12,851
ISRAEL - 0.1%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobile Components - 0.1%
 
 
 
Mobileye Global Inc Class A (a)
 
2,302
18,278
JAPAN - 0.1%
 
 
 
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Allegro MicroSystems Inc (a)
 
540
22,410
MONACO - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Scorpio Tankers Inc
 
119
9,265
NORWAY - 0.2%
 
 
 
Energy - 0.2%
 
 
 
Energy Equipment & Services - 0.2%
 
 
 
Seadrill Ltd (a)
 
610
27,352
PUERTO RICO - 0.2%
 
 
 
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
First BanCorp/Puerto Rico
 
588
17,011
Ofg Bancorp
 
61
3,224
 
 
 
20,235
Financial Services - 0.0%
 
 
 
EVERTEC Inc
 
84
2,557
TOTAL FINANCIALS
 
 
22,792
Information Technology - 0.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Unusual Machines Inc /US (a)
 
779
16,484
TOTAL PUERTO RICO
 
 
39,276
SINGAPORE - 0.2%
 
 
 
Communication Services - 0.1%
 
 
 
Interactive Media & Services - 0.1%
 
 
 
Grindr Inc Class A (a)
 
910
15,779
Information Technology - 0.1%
 
 
 
Semiconductors & Semiconductor Equipment - 0.1%
 
 
 
Kulicke & Soffa Industries Inc
 
206
18,376
TOTAL SINGAPORE
 
 
34,155
SWITZERLAND - 0.2%
 
 
 
Consumer Discretionary - 0.2%
 
 
 
Automobile Components - 0.2%
 
 
 
Garrett Motion Inc
 
1,306
40,682
UNITED STATES - 98.1%
 
 
 
Communication Services - 2.9%
 
 
 
Diversified Telecommunication Services - 0.6%
 
 
 
GCI LLC Class C (a)
 
488
11,307
Globalstar Inc (a)
 
471
39,272
IDT Corp Class B
 
324
21,339
Lumen Technologies Inc (a)
 
4,893
31,217
Shenandoah Telecommunications Co
 
921
11,043
Uniti Group Inc (a)
 
306
2,974
 
 
 
117,152
Entertainment - 1.1%
 
 
 
Atlanta Braves Holdings Inc Class A (a)
 
206
11,208
Atlanta Braves Holdings Inc Class C (a)
 
530
26,940
Cinemark Holdings Inc
 
997
36,480
Lionsgate Studios Corp (a)
 
559
7,424
Madison Square Garden Entertainment Corp Class A (a)
 
423
32,681
Madison Square Garden Sports Corp Class A (a)
 
146
57,478
Marcus Corp/The
 
472
13,735
Sphere Entertainment Co Class A (a)
 
101
14,468
 
 
 
200,414
Interactive Media & Services - 0.4%
 
 
 
Cargurus Inc Class A (a)
 
229
8,299
EverQuote Inc Class A (a)
 
569
14,350
QuinStreet Inc (a)
 
1,153
17,872
Trump Media & Technology Group Corp (a)
 
72
710
Yelp Inc Class A (a)
 
716
18,924
Ziff Davis Inc (a)
 
31
1,645
ZoomInfo Technologies Inc (a)
 
3,462
11,425
 
 
 
73,225
Media - 0.7%
 
 
 
Cable One Inc (a)
 
103
4,119
Clear Channel Outdoor Holdings Inc (a)
 
6,093
14,745
DoubleVerify Holdings Inc (a)
 
1,789
20,126
iHeartMedia Inc Class A (a)
 
1,476
5,299
John Wiley & Sons Inc Class A
 
27
1,409
Magnite Inc (a)
 
1,709
32,984
NIQ Global Intelligence Plc (a)
 
1,069
11,941
Sinclair Inc Class A
 
844
11,597
USA TODAY Co Inc (a)
 
2,141
18,605
 
 
 
120,825
Wireless Telecommunication Services - 0.1%
 
 
 
Telephone and Data Systems Inc
 
428
14,371
TOTAL COMMUNICATION SERVICES
 
 
525,987
Consumer Discretionary - 10.4%
 
 
 
Automobile Components - 1.2%
 
 
 
Adient PLC (a)
 
86
1,808
Cooper-Standard Holdings Inc (a)
 
363
10,698
Dana Inc
 
974
26,230
Dauch Corp (a)
 
3,077
17,385
Dorman Products Inc (a)
 
93
12,384
Gentherm Inc (a)
 
519
21,061
Goodyear Tire & Rubber Co/The (a)
 
3,223
22,400
LCI Industries
 
232
23,748
Patrick Industries Inc
 
295
24,352
Phinia Inc
 
113
8,316
Standard Motor Products Inc
 
395
15,101
Versigent PLC
 
143
5,913
Visteon Corp
 
271
28,330
 
 
 
217,726
Automobiles - 0.2%
 
 
 
Lucid Group Inc (a)
 
2,188
16,148
Winnebago Industries Inc
 
487
14,746
 
 
 
30,894
Broadline Retail - 0.0%
 
 
 
Dillard's Inc Class A
 
35
20,592
Kohl's Corp
 
46
880
 
 
 
21,472
Diversified Consumer Services - 1.4%
 
 
 
ADT Inc
 
2,316
17,694
Carriage Services Inc
 
306
12,353
Covista Inc (a)
 
145
18,103
Frontdoor Inc (a)
 
620
45,032
Graham Holdings Co Class B
 
30
36,106
Grand Canyon Education Inc (a)
 
119
17,295
Laureate Education Inc (a)
 
1,084
41,528
Perdoceo Education Corp
 
148
4,708
Strategic Education Inc
 
255
20,910
Stride Inc (a)
 
172
13,810
Universal Technical Institute Inc (a)
 
574
22,564
 
 
 
250,103
Hotels, Restaurants & Leisure - 2.5%
 
 
 
Bloomin' Brands Inc
 
1,555
13,466
Brinker International Inc (a)
 
216
46,159
Cheesecake Factory Inc/The
 
137
13,895
Cracker Barrel Old Country Store Inc
 
445
25,094
First Watch Restaurant Group Inc (a)
 
934
12,002
Global Business Travel Group I Class A (a)
 
2,397
22,628
Kura Sushi USA Inc Class A (a)
 
131
6,035
Life Time Group Holdings Inc (a)
 
1,339
60,389
Lindblad Expeditions Holdings Inc (a)
 
803
23,753
Marriott Vacations Worldwide Corp
 
48
4,680
Monarch Casino & Resort Inc
 
172
21,113
Navan Inc Class A (a)
 
753
20,045
Papa John's International Inc
 
491
14,681
Penn Entertainment Inc (a)
 
235
4,825
Portillo's Inc Class A (a)
 
1,024
4,679
Pursuit Attractions and Hospitality Inc (a)
 
377
19,050
Red Rock Resorts Inc Class A
 
473
30,480
Rush Street Interactive Inc Class A (a)
 
1,086
29,224
Sabre Corp (a)
 
7,937
14,683
Shake Shack Inc Class A (a)
 
365
22,904
Six Flags Entertainment Corp (a)
 
1,179
20,432
Target Hospitality Corp (a)
 
651
9,895
Wendy's Co/The
 
2,336
17,193
 
 
 
457,305
Household Durables - 1.8%
 
 
 
Cavco Industries Inc (a)
 
32
17,505
Century Communities Inc
 
320
21,491
Champion Homes Inc (a)
 
481
38,292
Green Brick Partners Inc (a)
 
335
23,695
Hovnanian Enterprises Inc Class A (a)
 
94
11,647
Installed Building Products Inc
 
179
39,906
KB Home
 
583
32,048
Leggett & Platt Inc
 
1,811
17,748
M/I Homes Inc (a)
 
94
13,736
Meritage Homes Corp
 
291
20,428
Newell Brands Inc
 
265
1,483
SharkNinja Inc (a)
 
376
60,826
Sonos Inc (a)
 
1,439
21,096
 
 
 
319,901
Leisure Products - 0.3%
 
 
 
Acushnet Holdings Corp
 
275
27,850
Callaway Golf Co (a)
 
252
4,652
Peloton Interactive Inc Class A (a)
 
660
4,217
Sturm Ruger & Co Inc
 
325
12,080
 
 
 
48,799
Specialty Retail - 2.6%
 
 
 
Abercrombie & Fitch Co Class A (a)
 
387
38,522
American Eagle Outfitters Inc
 
505
8,676
Arko Corp
 
1,585
12,664
Asbury Automotive Group Inc (a)
 
168
38,926
Boot Barn Holdings Inc (a)
 
135
20,114
Buckle Inc/The
 
379
16,589
Chewy Inc Class A (a)
 
1,902
42,985
Gap Inc/The
 
1,817
36,504
Group 1 Automotive Inc
 
50
14,339
MarineMax Inc (a)
 
393
13,547
National Vision Holdings Inc (a)
 
907
19,990
Penske Automotive Group Inc
 
180
39,116
Revolve Group Inc Class A (a)
 
680
17,075
RH (a)
 
23
3,806
Sally Beauty Holdings Inc (a)
 
1,264
18,922
Signet Jewelers Ltd
 
159
14,771
Stitch Fix Inc Class A (a)
 
2,457
9,877
Upbound Group Inc
 
847
16,423
Urban Outfitters Inc (a)
 
475
35,236
Victoria's Secret & Co (a)
 
329
29,176
Warby Parker Inc Class A (a)
 
241
6,431
Winmark Corp
 
40
13,340
 
 
 
467,029
Textiles, Apparel & Luxury Goods - 0.4%
 
 
 
Figs Inc Class A (a)
 
1,666
17,826
G-III Apparel Group Ltd
 
568
20,681
Kontoor Brands Inc
 
205
17,167
Levi Strauss & Co Class A
 
137
3,359
Oxford Industries Inc
 
287
10,883
Steven Madden Ltd
 
216
9,953
 
 
 
79,869
TOTAL CONSUMER DISCRETIONARY
 
 
1,893,098
Consumer Staples - 2.4%
 
 
 
Beverages - 0.2%
 
 
 
Boston Beer Co Inc/The Class A (a)
 
86
15,755
National Beverage Corp
 
409
12,941
Vita Coco Co Inc/The (a)
 
81
5,341
 
 
 
34,037
Consumer Staples Distribution & Retail - 0.6%
 
 
 
Andersons Inc/The
 
339
23,994
Chefs' Warehouse Inc/The (a)
 
384
44,295
PriceSmart Inc
 
98
19,003
United Natural Foods Inc (a)
 
164
8,336
Weis Markets Inc
 
185
14,254
 
 
 
109,882
Food Products - 0.7%
 
 
 
Cal-Maine Foods Inc
 
393
34,498
Flowers Foods Inc
 
2,452
17,213
Mama's Creations Inc (a)
 
751
13,841
Marzetti Company/The
 
55
5,878
Seaboard Corp
 
3
13,240
Simply Good Foods Co/The (a)
 
1,160
11,809
Utz Brands Inc Class A
 
1,551
21,900
 
 
 
118,379
Household Products - 0.5%
 
 
 
Central Garden & Pet Co Class A (a)
 
605
22,936
Oil-Dri Corp of America
 
199
19,743
Reynolds Consumer Products Inc
 
768
19,154
Spectrum Brands Holdings Inc
 
14
1,242
WD-40 Co
 
130
29,528
 
 
 
92,603
Personal Care Products - 0.2%
 
 
 
BellRing Brands Inc (a)
 
74
916
Coty Inc Class A (a)
 
6,685
18,384
Edgewell Personal Care Co
 
709
19,278
Interparfums Inc
 
10
1,246
 
 
 
39,824
Tobacco - 0.2%
 
 
 
Turning Point Brands Inc
 
243
18,130
Universal Corp/VA
 
329
17,335
 
 
 
35,465
TOTAL CONSUMER STAPLES
 
 
430,190
Energy - 5.0%
 
 
 
Energy Equipment & Services - 2.7%
 
 
 
Archrock Inc
 
877
31,362
Bristow Group Inc
 
363
16,451
Cactus Inc Class A
 
643
41,801
Core Laboratories Inc
 
872
9,278
Expro Ltd
 
113
1,802
Helix Energy Solutions Group Inc (a)
 
1,865
17,736
Innovex International Inc (a)
 
626
17,578
Kodiak Gas Services Inc
 
789
46,323
Liberty Energy Inc Class A
 
744
13,920
National Energy Services Reunited Corp (a)
 
794
21,406
Noble Corp PLC
 
1,006
42,654
Oceaneering International Inc (a)
 
909
44,342
Oil States International Inc (a)
 
1,131
9,172
Patterson-UTI Energy Inc
 
3,122
32,719
RPC Inc
 
1,800
10,098
Select Water Solutions Inc Class A
 
1,363
25,243
Solaris Energy Infrastructure Inc Class A
 
518
26,630
Tidewater Inc (a)
 
194
14,562
Transocean Ltd (a)
 
7,919
42,129
Valaris Ltd (a)
 
326
25,816
 
 
 
491,022
Oil, Gas & Consumable Fuels - 2.3%
 
 
 
California Resources Corp
 
373
19,627
Calumet Inc (a)
 
163
7,203
Centrus Energy Corp Class A (a)
 
75
13,270
Clean Energy Fuels Corp (a)
 
3,554
6,895
CNX Resources Corp (a)
 
1,154
41,314
Comstock Resources Inc (a)
 
54
716
Core Natural Resources Inc
 
417
33,293
Crescent Energy Co Class A
 
2,305
26,438
CVR Energy Inc
 
485
17,276
Delek US Holdings Inc
 
199
13,506
Granite Ridge Resources Inc
 
1,358
6,451
Green Plains Inc (a)
 
1,016
17,120
Gulfport Energy Corp (a)
 
53
8,553
International Seaways Inc
 
141
13,561
Kinetik Holdings Inc Class A
 
537
27,156
Lightbridge Corp (a)
 
134
1,104
Magnolia Oil & Gas Corp Class A
 
906
23,293
NextDecade Corp (a)
 
2,154
14,475
Northern Oil & Gas Inc
 
1,014
21,446
Par Pacific Holdings Inc (a)
 
182
15,657
Peabody Energy Corp
 
1,073
22,876
REX American Resources Corp (a)
 
387
16,656
Sable Offshore Corp (a)
 
1,515
8,014
Talos Energy Inc (a)
 
214
3,249
Ur-Energy Inc (United States) (a)
 
7,066
8,621
Uranium Energy Corp (a)
 
2,519
24,182
 
 
 
411,952
TOTAL ENERGY
 
 
902,974
Financials - 19.0%
 
 
 
Banks - 9.4%
 
 
 
1st Source Corp
 
242
21,717
Ameris Bancorp
 
520
45,350
Associated Banc-Corp
 
722
22,295
Atlantic Union Bankshares Corp
 
682
28,937
Axos Financial Inc (a)
 
266
26,975
Banc of California Inc
 
1,383
26,484
BancFirst Corp
 
216
24,369
Bancorp Inc/The (a)
 
430
28,840
Bank First Corp
 
1
153
Bank of Hawaii Corp
 
139
11,106
BankUnited Inc
 
665
31,022
Banner Corp
 
77
5,422
Bar Harbor Bankshares
 
329
13,065
Beacon Financial Corp
 
251
7,909
BOK Financial Corp
 
69
9,749
Carter Bankshares Inc
 
437
15,111
Cathay General Bancorp
 
608
38,420
City Holding Co
 
19
2,757
CNB Financial Corp/PA
 
491
17,234
Community Financial System Inc
 
193
12,508
Community Trust Bancorp Inc
 
242
18,985
Community West Bancshares
 
458
11,464
Connectone Bancorp  Inc
 
652
21,477
Customers Bancorp Inc (a)
 
80
6,294
CVB Financial Corp
 
636
14,227
Dime Commercial Bancshares Inc
 
523
21,317
Eastern Bankshares Inc
 
1,822
41,834
Enterprise Financial Services Corp
 
398
26,391
Equity Bancshares Inc Class A
 
306
15,508
FB Financial Corp
 
428
25,843
First Bancorp/Southern Pines NC
 
113
7,104
First Busey Corp
 
894
27,589
First Commonwealth Financial Corp
 
163
3,509
First Community Bankshares Inc
 
334
15,938
First Financial Bancorp
 
986
33,356
First Financial Corp
 
216
17,399
First Hawaiian Inc
 
1,140
31,681
First Interstate BancSystem Inc Class A
 
285
10,836
First Merchants Corp
 
624
26,919
First Mid Bancshares Inc
 
369
19,221
Firstsun Capital Bancorp (a)
 
410
15,859
Five Star Bancorp
 
333
15,714
FNB Corp/PA
 
1,785
33,737
Fulton Financial Corp
 
799
19,440
German American Bancorp Inc
 
452
22,998
Hanmi Financial Corp
 
523
16,673
Hilltop Holdings Inc
 
22
868
Hingham Institution For Savings The
 
38
10,837
Home BancShares Inc/AR
 
1,537
47,756
Hope Bancorp Inc
 
1,581
22,150
Horizon Bancorp Inc/IN
 
860
17,587
Independent Bank Corp
 
197
16,515
International Bancshares Corp
 
480
36,739
Lakeland Financial Corp
 
314
19,672
Mechanics Bancorp Class A
 
916
15,380
Mercantile Bank Corp
 
285
17,123
Metrocity Bankshares Inc
 
421
14,895
National Bank Holdings Corp Class A
 
513
22,156
NB Bancorp Inc
 
662
15,233
Nbt Bancorp Inc
 
542
28,536
Nicolet Bankshares Inc
 
186
31,791
Northrim BanCorp Inc
 
436
11,558
Northwest Bancshares Inc
 
1,632
25,688
Old Second Bancorp Inc
 
764
19,322
Park National Corp
 
50
10,408
Pathward Financial Inc
 
39
3,441
Peapack-Gladstone Financial Corp
 
313
14,392
Peoples Financial Services Corp
 
182
12,806
Preferred Bank/Los Angeles CA
 
167
17,441
Provident Financial Services Inc
 
1,258
31,047
QCR Holdings Inc
 
6
618
Renasant Corp
 
836
36,425
S&T Bancorp Inc
 
26
1,356
Seacoast Banking Corp of Florida
 
911
31,648
Simmons First National Corp Class A
 
490
11,559
SmartFinancial Inc
 
290
15,196
Stock Yards Bancorp Inc
 
310
26,381
Texas Capital Bancshares Inc
 
375
37,069
Third Coast Bancshares Inc (a)
 
122
5,348
Tompkins Financial Corp
 
193
19,269
Towne Bank/Portsmouth VA
 
299
11,335
TriCo Bancshares
 
24
1,381
Triumph Financial Inc (a)
 
1
76
Trustmark Corp
 
587
27,853
United Community Banks Inc/GA
 
1,051
37,247
WaFd Inc
 
200
7,354
Washington Trust Bancorp Inc
 
376
14,656
WesBanco Inc
 
369
15,269
WSFS Financial Corp
 
204
16,361
 
 
 
1,690,478
Capital Markets - 2.8%
 
 
 
Acadian Asset Management Inc
 
14
1,211
Artisan Partners Asset Management Inc Class A
 
702
27,546
BGC Group Inc Class A
 
1,496
17,234
Cohen & Steers Inc
 
322
26,491
DigitalBridge Group Inc Class A
 
509
8,078
Donnelley Financial Solutions Inc (a)
 
353
16,697
Federated Hermes Inc Class B
 
317
19,007
Galaxy Digital Inc Class A (a)
 
1,749
36,746
Hamilton Lane Inc Class A
 
356
31,652
Lazard Inc
 
514
21,783
Moelis & Co Class A
 
327
21,935
Perella Weinberg Partners Class A
 
951
16,785
Piper Sandler Cos
 
553
41,918
PJT Partners Inc Class A
 
230
38,711
StepStone Group Inc Class A
 
291
12,763
StoneX Group Inc (a)
 
848
64,932
TPG Inc Class A
 
651
28,423
Victory Capital Holdings Inc Class A
 
164
16,241
Virtu Financial Inc Class A
 
728
42,756
Virtus Invt Partners Inc
 
108
17,210
WisdomTree Inc
 
209
4,048
 
 
 
512,167
Consumer Finance - 1.5%
 
 
 
Bread Financial Holdings Inc
 
142
15,346
Dave Inc Class A (a)
 
118
43,977
Encore Capital Group Inc (a)
 
263
24,743
Enova International Inc (a)
 
97
24,652
EZCORP Inc Class A (a)
 
717
21,345
Figure Technology Solutions Inc Class A
 
481
11,982
FirstCash Holdings Inc
 
296
60,387
Happen Inc (a)
 
134
2,565
Nelnet Inc Class A
 
159
21,603
PRA Group Inc (a)
 
745
12,941
PROG Holdings Inc
 
570
25,091
Upstart Holdings Inc (a)
 
198
5,433
 
 
 
270,065
Financial Services - 2.2%
 
 
 
Alerus Financial Corp
 
500
16,635
Cannae Holdings Inc
 
848
12,338
Enact Holdings Inc
 
398
18,833
Federal Agricultural Mortgage Corp Class C
 
120
27,312
Flywire Corp (a)
 
1,476
23,631
HA Sustainable Infrastructure Capital Inc
 
1,062
40,218
Jackson Financial Inc
 
368
44,999
Marqeta Inc Class A (a)
 
1,156
20,068
NCR Atleos Corp (a)
 
679
31,933
NMI Holdings Inc (a)
 
728
32,250
PennyMac Financial Services Inc
 
289
21,793
Radian Group Inc
 
1,128
43,981
Remitly Global Inc (a)
 
1,676
38,163
Shift4 Payments Inc Class A (a)
 
175
9,275
UWM Holdings Corp Class A
 
4,485
8,163
Walker & Dunlop Inc
 
24
1,193
 
 
 
390,785
Insurance - 2.1%
 
 
 
Amerisafe Inc
 
371
10,774
Baldwin Insurance Group Inc/The Class A (a)
 
111
3,079
Brighthouse Financial Inc (a)
 
222
13,744
CNO Financial Group Inc
 
818
45,064
Genworth Financial Inc Class A (a)
 
3,553
34,926
HCI Group Inc
 
126
22,051
Horace Mann Educators Corp
 
467
24,335
Kemper Corp
 
89
2,525
Lemonade Inc (a)
 
278
13,430
Mercury General Corp
 
71
7,606
Oscar Health Inc Class A (a)
 
680
21,230
Palomar Hldgs Inc (a)
 
247
33,046
Root Inc/OH Class A (a)
 
273
14,783
Safety Insurance Group Inc
 
218
22,539
SiriusPoint Ltd (a)
 
270
6,386
Skyward Specialty Insurance Group Inc (a)
 
448
26,858
Stewart Information Services Corp
 
53
3,582
Trupanion Inc (a)
 
568
13,910
United Fire Group Inc
 
383
19,671
Universal Insurance Holdings Inc
 
434
18,970
White Mountains Insurance Group Ltd
 
12
25,173
 
 
 
383,682
Mortgage Real Estate Investment Trusts (REITs) - 1.0%
 
 
 
Arbor Realty Trust Inc
 
77
385
ARMOUR Residential REIT Inc
 
281
4,627
Brightspire Capital Inc Class A
 
2,442
12,234
Chimera Investment Corp
 
1,245
15,538
Dynex Capital Inc
 
2,087
26,526
Ellington Financial Inc
 
1,551
20,597
Franklin BSP Realty Trust Inc
 
1,557
11,818
Invesco Mortgage Capital Inc
 
1,560
11,560
MFA Financial Inc
 
1,581
14,403
Orchid Island Capital Inc
 
2,566
16,653
Pennymac Mortgage Investment Trust
 
1,320
12,448
Redwood Trust Inc
 
2,386
10,904
TPG RE Finance Trust Inc
 
1,543
12,298
Two Harbors Investment Corp
 
1,452
17,555
 
 
 
187,546
TOTAL FINANCIALS
 
 
3,434,723
Health Care - 18.5%
 
 
 
Biotechnology - 8.4%
 
 
 
Absci Corp (a)
 
2,630
20,461
ACADIA Pharmaceuticals Inc (a)
 
1,213
31,380
ADMA Biologics Inc (a)
 
419
3,545
Agios Pharmaceuticals Inc (a)
 
102
3,062
Allogene Therapeutics Inc (a)
 
3,945
7,417
AnaptysBio Inc (a)
 
289
15,421
Annexon Inc (a)
 
2,626
13,379
Apogee Therapeutics Inc (a)
 
466
62,486
Arbutus Biopharma Corp (a)
 
2,968
12,881
Arcus Biosciences Inc (a)
 
126
3,552
Arcutis Biotherapeutics Inc (a)
 
1,100
29,546
ARS Pharmaceuticals Inc (a)
 
1,277
6,551
Beam Therapeutics Inc (a)
 
1,004
25,622
BioCryst Pharmaceuticals Inc (a)
 
551
4,948
Biohaven Ltd (a)
 
1,749
23,612
Celcuity Inc (a)
 
159
13,734
Celldex Therapeutics Inc (a)
 
199
7,574
CG oncology Inc (a)
 
340
24,205
Cogent Biosciences Inc (a)
 
831
32,351
Compass Therapeutics Inc (a)
 
2,606
4,977
Corvus Pharmaceuticals Inc (a)
 
1,088
14,427
Cullinan Therapeutics Inc (a)
 
975
16,088
Denali Therapeutics Inc (a)
 
1,421
32,711
Dianthus Therapeutics Inc (a)
 
362
38,705
Disc Medicine Inc (a)
 
343
26,411
Dyne Therapeutics Inc (a)
 
420
10,576
Emergent BioSolutions Inc (a)
 
1,020
7,364
Erasca Inc (a)
 
965
17,515
First Tracks Biotherapeutics Inc
 
328
14,445
GRAIL Inc (a)
 
33
2,262
Ideaya Biosciences Inc (a)
 
875
31,063
ImmunityBio Inc (a)
 
3,328
23,862
Immunome Inc (a)
 
250
5,690
Immunovant Inc (a)
 
850
32,827
Intellia Therapeutics Inc (a)
 
1,565
16,714
Kodiak Sciences Inc (a)
 
471
19,584
Krystal Biotech Inc (a)
 
133
45,369
Kymera Therapeutics Inc (a)
 
298
30,813
MannKind Corp (a)
 
5,451
21,313
MiMedx Group Inc (a)
 
2,291
9,462
Mineralys Therapeutics Inc (a)
 
742
18,936
Mirum Pharmaceuticals Inc (a)
 
211
22,355
Myriad Genetics Inc (a)
 
1,847
5,282
Nurix Therapeutics Inc (a)
 
21
487
ORIC Pharmaceuticals Inc (a)
 
1,544
17,092
Oruka Therapeutics Inc (a)
 
501
48,352
Protagonist Therapeutics Inc (a)
 
299
40,855
PTC Therapeutics Inc (a)
 
664
45,159
Recursion Pharmaceuticals Inc Class A (a)
 
6,262
18,786
REGENXBIO Inc (a)
 
926
8,973
Relay Therapeutics Inc (a)
 
225
4,237
Rhythm Pharmaceuticals Inc (a)
 
503
49,923
Rigel Pharmaceuticals Inc (a)
 
360
13,252
Scholar Rock Holding Corp (a)
 
446
21,094
Sionna Therapeutics Inc (a)
 
282
13,291
Spyre Therapeutics Inc (a)
 
679
66,767
Stoke Therapeutics Inc (a)
 
637
18,384
Summit Therapeutics Inc (a)
 
469
6,106
Syndax Pharmaceuticals Inc (a)
 
941
17,926
Tango Therapeutics Inc (a)
 
1,213
32,969
Taysha Gene Therapies Inc (a)
 
3,751
21,981
TG Therapeutics Inc (a)
 
1,114
57,961
Travere Therapeutics Inc (a)
 
305
17,046
Twist Bioscience Corp (a)
 
216
19,775
Ultragenyx Pharmaceutical Inc (a)
 
196
4,882
Vaxcyte Inc (a)
 
683
36,937
Vera Therapeutics Inc Class A (a)
 
643
20,640
Veracyte Inc (a)
 
787
36,454
Verastem Inc (a)
 
1,482
8,596
Vericel Corp (a)
 
39
1,792
Vir Biotechnology Inc (a)
 
1,759
15,233
Viridian Therapeutics Inc (a)
 
124
2,346
Xencor Inc (a)
 
1,179
23,828
 
 
 
1,501,602
Health Care Equipment & Supplies - 2.2%
 
 
 
Alphatec Holdings Inc (a)
 
1,546
14,718
Artivion Inc (a)
 
534
14,327
Axogen Inc (a)
 
61
2,575
Beta Bionics Inc (a)
 
689
8,840
Bioventus Inc (a)
 
914
12,037
Embecta Corp
 
1,188
4,324
Enovis Corp (a)
 
747
21,775
Glaukos Corp (a)
 
458
76,358
Haemonetics Corp (a)
 
131
11,206
Integer Holdings Corp (a)
 
321
38,908
Integra LifeSciences Holdings Corp (a)
 
1,314
21,878
iRadimed Corp
 
143
12,993
LeMaitre Vascular Inc
 
216
21,885
Merit Medical Systems Inc (a)
 
514
43,695
Neogen Corp (a)
 
371
4,467
Novocure Ltd (a)
 
1,490
22,112
Omnicell Inc (a)
 
12
424
Procept Biorobotics Corp (a)
 
716
13,332
QuidelOrtho Corp (a)
 
970
16,267
Tactile Systems Technology Inc (a)
 
441
12,423
TransMedics Group Inc (a)
 
121
9,258
UFP Technologies Inc (a)
 
95
24,204
 
 
 
408,006
Health Care Providers & Services - 2.6%
 
 
 
AdaptHealth Corp (a)
 
1,437
15,520
Addus HomeCare Corp (a)
 
15
1,732
Alignment Healthcare Inc (a)
 
539
8,004
AMN Healthcare Services Inc (a)
 
723
24,314
Astrana Health Inc (a)
 
632
22,474
Aveanna Healthcare Holdings Inc (a)
 
1,415
13,287
BrightSpring Health Services Inc (a)
 
1,231
73,504
Brookdale Senior Living Inc (a)
 
851
12,425
Castle Biosciences Inc (a)
 
547
15,316
Clover Health Investments Corp Class A (a)
 
7,778
32,434
Concentra Group Holdings Parent Inc
 
323
10,223
CorVel Corp (a)
 
23
1,381
GeneDx Holdings Corp Class A (a)
 
276
17,970
Guardian Pharmacy Services Inc Class A (a)
 
413
16,326
Hims & Hers Health Inc Class A (a)
 
1,813
50,347
Hinge Health Inc Class A (a)
 
400
29,884
National HealthCare Corp
 
21
4,747
NeoGenomics Inc (a)
 
1,973
30,167
Nutex Health Inc (a)
 
101
14,890
PACS Group Inc (a)
 
564
25,950
Pediatrix Medical Group Inc (a)
 
58
1,538
Privia Health Group Inc (a)
 
311
7,361
RadNet Inc (a)
 
285
18,177
Talkspace Inc Class A (a)
 
2,624
13,697
US Physical Therapy Inc
 
216
17,077
 
 
 
478,745
Health Care Technology - 0.2%
 
 
 
HealthStream Inc
 
465
13,039
Schrodinger Inc/United States (a)
 
1,109
16,790
Waystar Holding Corp (a)
 
327
6,902
 
 
 
36,731
Life Sciences Tools & Services - 1.1%
 
 
 
10X Genomics Inc Class A (a)
 
1,154
54,550
Adaptive Biotechnologies Corp (a)
 
1,405
31,711
BioLife Solutions Inc (a)
 
710
22,209
Cytek Biosciences Inc (a)
 
2,177
9,187
Fortrea Holdings Inc (a)
 
1,534
29,407
Mesa Laboratories Inc
 
108
10,887
Pacific Biosciences of California Inc (a)
 
5,977
8,368
Sotera Health Co (a)
 
2,305
41,167
 
 
 
207,486
Pharmaceuticals - 4.0%
 
 
 
Alumis Inc (a)
 
937
26,470
Amneal Intermediate Inc Class A (a)
 
1,804
33,049
ANI Pharmaceuticals Inc (a)
 
233
18,463
Axsome Therapeutics Inc (a)
 
331
72,155
BioAge Labs Inc (a)
 
604
5,460
Collegium Pharmaceutical Inc (a)
 
474
16,775
Crinetics Pharmaceuticals Inc (a)
 
417
34,828
Definium Therapeutics Inc (a)
 
1,264
55,009
Edgewise Therapeutics Inc (a)
 
752
28,899
Enliven Therapeutics Inc (a)
 
584
32,009
Harrow Inc (a)
 
461
17,873
Indivior Pharmaceuticals Inc
 
1,075
43,011
Innoviva Inc (a)
 
829
17,384
Ligand Pharmaceuticals Inc (a)
 
174
50,032
Liquidia Corp (a)
 
208
17,495
Maze Therapeutics Inc (a)
 
463
12,464
MBX Biosciences Inc (a)
 
444
29,273
Nektar Therapeutics (a)
 
87
6,148
Omeros Corp (a)
 
1,195
14,149
Organon & Co
 
3,127
42,371
Pacira BioSciences Inc (a)
 
640
16,902
Perrigo Co PLC
 
1,694
17,126
Prestige Consumer Healthcare Inc (a)
 
459
23,051
Rapport Therapeutics Inc (a)
 
462
18,933
Roche Holding AG rights (a)(b)
 
6
0
Septerna Inc (a)
 
450
15,503
Supernus Pharmaceuticals Inc (a)
 
183
8,167
Tarsus Pharmaceuticals Inc (a)
 
114
6,731
Theravance Biopharma Inc (a)
 
732
12,342
Trevi Therapeutics Inc (a)
 
1,519
27,722
WaVe Life Sciences Ltd (a)
 
2,274
12,530
 
 
 
732,324
TOTAL HEALTH CARE
 
 
3,364,894
Industrials - 15.2%
 
 
 
Aerospace & Defense - 1.8%
 
 
 
AAR Corp (a)
 
332
46,493
AeroVironment Inc (a)
 
256
38,239
Archer Aviation Inc Class A (a)
 
2,233
10,361
Astronics Corp (a)
 
87
6,046
Ducommun Inc (a)
 
159
28,464
Intuitive Machines Inc Class A (a)
 
1,252
15,450
Leonardo DRS Inc
 
692
31,867
Loar Holdings Inc (a)
 
380
26,011
Mercury Systems Inc (a)
 
216
20,974
National Presto Industries Inc
 
96
11,656
Park Aerospace Corp
 
357
12,102
Red Cat Holdings Inc (a)
 
1,581
11,905
Redwire Corp Class A (a)
 
1,689
14,559
StandardAero Inc (a)
 
858
25,148
VSE Corp
 
132
25,659
 
 
 
324,934
Air Freight & Logistics - 0.0%
 
 
 
Hub Group Inc Class A
 
131
6,095
Building Products - 1.6%
 
 
 
AAON Inc
 
545
48,538
AZZ Inc
 
263
38,061
CSW Industrials Inc
 
140
44,650
Gibraltar Industries Inc (a)
 
414
17,496
Griffon Corp
 
369
31,797
Hayward Holdings Inc (a)
 
1,941
29,367
Masterbrand Inc (a)
 
2,376
19,602
Quanex Building Products Corp
 
778
13,879
Resideo Technologies Inc (a)
 
1,156
39,651
 
 
 
283,041
Commercial Services & Supplies - 1.6%
 
 
 
ABM Industries Inc
 
129
6,180
Brady Corp Class A
 
166
15,649
Brink's Co/The
 
172
20,373
CoreCivic Inc (a)
 
148
4,425
Ennis Inc
 
495
10,791
GEO Group Inc/The (a)
 
311
9,607
Healthcare Services Group Inc (a)
 
935
21,786
HNI Corp
 
714
32,137
Interface Inc
 
6
206
Liquidity Services Inc (a)
 
438
17,073
Onterris Inc (a)
 
611
12,825
OPENLANE Inc (a)
 
983
39,084
Pitney Bowes Inc
 
1,594
27,943
UniFirst Corp/MA
 
128
37,501
Vestis Corp (a)
 
1,850
26,751
 
 
 
282,331
Construction & Engineering - 1.6%
 
 
 
Arcosa Inc
 
230
33,396
Centuri Holdings Inc (a)
 
837
23,302
Construction Partners Inc Class A (a)
 
388
40,100
Granite Construction Inc
 
355
42,944
IES Holdings Inc (a)
 
37
27,548
Legence Corp Class A
 
490
31,326
Limbach Holdings Inc (a)
 
182
13,049
MYR Group Inc (a)
 
131
43,652
NWPX Infrastructure Inc (a)
 
172
21,170
Orion Group Holdings Inc (a)
 
472
4,616
Tutor Perini Corp
 
162
13,568
 
 
 
294,671
Electrical Equipment - 1.5%
 
 
 
Allient Inc
 
238
20,815
American Superconductor Corp (a)
 
15
441
Amprius Technologies Inc (a)
 
1,484
14,246
Atkore Inc
 
59
4,305
Babcock & Wilcox Enterprises Inc (a)
 
1,350
12,582
EnerSys
 
185
34,419
Enovix Corp Class B (a)
 
3,044
12,450
Eos Energy Enterprises Inc (a)
 
3,958
13,378
NuScale Power Corp Class A (a)
 
2,243
18,886
Plug Power Inc (a)
 
4,773
9,832
Powell Industries Inc
 
231
48,205
Preformed Line Products Co
 
47
16,778
Shoals Technologies Group Inc (a)
 
2,355
20,583
Vicor Corp (a)
 
207
42,926
 
 
 
269,846
Ground Transportation - 0.4%
 
 
 
ArcBest Corp
 
232
33,490
Avis Budget Group Inc (a)
 
52
7,147
Ftai Infrastructure Inc
 
2,284
8,519
Schneider National Inc Class B
 
652
23,302
Werner Enterprises Inc
 
70
2,619
 
 
 
75,077
Machinery - 3.8%
 
 
 
Alamo Group Inc
 
122
19,408
Albany International Corp Class A
 
346
25,780
Alliance Laundry Holdings Inc
 
653
17,220
Atmus Filtration Technologies Inc
 
357
18,432
Blue Bird Corp (a)
 
43
3,199
CECO Environmental Corp (a)
 
486
32,023
Douglas Dynamics Inc
 
354
15,622
Enerpac Tool Group Corp Class A
 
575
20,551
Enpro Inc
 
99
31,078
Esab Corp
 
273
23,623
ESCO Technologies Inc
 
135
42,564
Federal Signal Corp
 
475
59,352
Franklin Electric Co Inc
 
143
14,975
Gates Industrial Corp Ltd
 
1,226
34,303
Gorman-Rupp Co/The
 
272
22,084
Greenbrier Cos Inc/The
 
13
640
Helios Technologies Inc
 
342
26,645
Hillman Solutions Corp (a)
 
2,332
18,353
JBT Marel Corp
 
262
36,279
Kadant Inc
 
107
32,903
Kennametal Inc
 
222
7,541
Lindsay Corp
 
142
15,736
Mueller Water Products Inc Class A1
 
661
16,684
Proto Labs Inc (a)
 
305
22,890
Standex International Corp
 
112
33,208
Symbotic Inc Class A (a)
 
547
23,548
Tennant CO
 
237
19,915
Terex Corp
 
884
55,551
Trinity Industries Inc
 
218
6,810
Worthington Enterprises Inc
 
15
843
 
 
 
697,760
Passenger Airlines - 0.2%
 
 
 
Allegiant Travel Co (a)
 
250
24,520
Joby Aviation Inc Class A (a)
 
417
2,982
SkyWest Inc (a)
 
153
16,366
 
 
 
43,868
Professional Services - 1.2%
 
 
 
Amentum Holdings Inc (a)
 
615
13,653
BlackSky Technology Inc Class A (a)
 
523
12,055
Clarivate PLC (a)
 
6,304
12,482
CRA International Inc
 
95
17,008
Huron Consulting Group Inc (a)
 
20
3,035
ICF International Inc
 
251
20,311
Kforce Inc
 
315
17,883
Korn Ferry
 
181
14,891
Legalzoom.com Inc (a)
 
2,238
17,613
Parsons Corp (a)
 
167
7,383
Resolute Holdings Management Inc (a)
 
71
8,787
UL Solutions Inc Class A
 
607
55,625
Upwork Inc (a)
 
1,586
14,528
Verra Mobility Corp Class A (a)
 
131
693
 
 
 
215,947
Trading Companies & Distributors - 1.5%
 
 
 
Boise Cascade Co
 
345
26,351
DNOW Inc (a)
 
1,922
27,139
DXP Enterprises Inc/TX (a)
 
143
22,454
Global Industrial Co
 
271
9,686
Herc Holdings Inc
 
292
43,841
McGrath RentCorp
 
72
8,291
MSC Industrial Direct Co Inc Class A
 
392
48,373
Rush Enterprises Inc Class A
 
527
42,049
Transcat Inc (a)
 
178
15,196
Willis Lease Finance Corp
 
183
13,053
Xometry Inc Class A (a)
 
89
7,628
 
 
 
264,061
TOTAL INDUSTRIALS
 
 
2,757,631
Information Technology - 14.2%
 
 
 
Communications Equipment - 1.3%
 
 
 
Applied Optoelectronics Inc (a)
 
599
56,498
Calix Inc (a)
 
188
6,749
Digi International Inc (a)
 
65
4,532
Extreme Networks Inc (a)
 
1,463
44,095
Harmonic Inc (a)
 
1,748
20,189
Netgear Inc (a)
 
604
14,593
NetScout Systems Inc (a)
 
167
6,792
Ondas Inc (a)
 
2,213
16,575
Viasat Inc (a)
 
685
52,697
Vistance Networks Inc
 
985
11,564
 
 
 
234,284
Electronic Equipment, Instruments & Components - 3.6%
 
 
 
Aeva Technologies Inc (a)
 
595
10,436
Arlo Technologies Inc (a)
 
1,418
20,873
Avnet Inc
 
685
60,855
Badger Meter Inc
 
132
17,734
Bel Fuse Inc Class B
 
35
9,519
Belden Inc
 
338
41,929
Benchmark Electronics Inc
 
79
6,302
Crane NXT Co
 
554
28,780
CTS Corp
 
4
256
Daktronics Inc (a)
 
774
15,302
ePlus Inc
 
300
27,723
IPG Photonics Corp (a)
 
252
21,435
Itron Inc (a)
 
399
39,764
Knowles Corp (a)
 
920
33,663
Mirion Technologies Inc Class A (a)
 
1,114
16,688
Napco Security Technologies Inc
 
488
18,095
nLight Inc (a)
 
214
14,723
OSI Systems Inc (a)
 
139
30,773
Ouster Inc Class A (a)
 
904
35,265
PC Connection Inc
 
237
19,842
Plexus Corp (a)
 
131
32,926
Rogers Corp (a)
 
198
24,447
Sanmina Corp (a)
 
419
77,750
ScanSource Inc (a)
 
385
21,799
Vishay Intertechnology Inc
 
327
11,190
Vishay Precision Group Inc (a)
 
250
23,013
 
 
 
661,082
IT Services - 0.8%
 
 
 
Applied Digital Corp (a)
 
2,039
55,848
BigBear.ai Holdings Inc (a)
 
535
1,493
DigitalOcean Holdings Inc (a)
 
427
50,173
Everforth Inc (a)
 
37
1,052
Fastly Inc Class A (a)
 
1,294
29,322
 
 
 
137,888
Semiconductors & Semiconductor Equipment - 1.9%
 
 
 
Alpha & Omega Semiconductor Ltd (a)
 
516
16,378
Ambarella Inc (a)
 
97
8,342
Amkor Technology Inc
 
549
27,379
Axcelis Technologies Inc (a)
 
107
13,951
AXT Inc (a)
 
202
12,207
CEVA Inc (a)
 
564
18,415
Cohu Inc (a)
 
599
28,746
Diodes Inc (a)
 
170
13,994
Ichor Holdings Ltd (a)
 
420
31,613
Impinj Inc (a)
 
90
13,622
MaxLinear Inc (a)
 
49
3,274
Navitas Semiconductor Corp Class A (a)
 
276
2,997
Photronics Inc (a)
 
638
19,325
Rigetti Computing Inc Class A (a)
 
1,501
22,440
Semtech Corp (a)
 
493
58,086
SolarEdge Technologies Inc (a)
 
225
9,270
Ultra Clean Holdings Inc (a)
 
152
12,663
Veeco Instruments Inc (a)
 
666
33,300
 
 
 
346,002
Software - 6.3%
 
 
 
A10 Networks Inc
 
863
25,519
ACI Worldwide Inc (a)
 
444
25,455
Adeia Inc
 
1,103
29,395
Agilysys Inc (a)
 
39
4,101
Alarm.com Holdings Inc (a)
 
117
6,406
Appfolio Inc Class A (a)
 
99
17,839
Appian Corp Class A (a)
 
676
18,225
Arteris Inc (a)
 
675
20,169
AvePoint Inc Class A (a)
 
1,905
24,822
Bit Digital Inc (a)
 
7,132
9,343
BlackLine Inc (a)
 
603
18,934
Braze Inc Class A (a)
 
1,068
26,615
C3.ai Inc Class A (a)
 
2,007
18,424
Ccc Intelligent Solutions Holdings Inc Class A (a)
 
5,160
31,424
Cipher Digital Inc (a)
 
2,708
60,443
Cleanspark Inc (a)
 
2,771
38,129
Clear Secure Inc Class A
 
794
43,861
Core Scientific Inc (a)
 
1,484
30,748
Daily Journal Corp (a)
 
20
11,742
Five9 Inc (a)
 
1,134
31,196
Freshworks Inc Class A (a)
 
284
3,225
Gitlab Inc Class A (a)
 
1,377
47,520
Hut 8 Corp (United States) (a)
 
846
91,055
I3 Verticals Inc Class A (a)
 
424
8,929
Klaviyo Inc Class A (a)
 
1,441
25,707
Life360 Inc (a)
 
759
41,024
LiveRamp Holdings Inc (a)
 
773
29,274
MARA Holdings Inc (a)
 
1,377
15,588
N-able Inc/US (a)
 
958
4,483
nCino Inc (a)
 
113
2,086
NCR Voyix Corp (a)
 
2,449
20,253
NextNav Inc Class A (a)
 
1,206
15,811
Ooma Inc (a)
 
565
12,289
PagerDuty Inc (a)
 
1,833
19,393
Pegasystems Inc
 
832
25,418
Q2 Holdings Inc (a)
 
615
37,435
Red Violet Inc (a)
 
280
19,426
Riot Platforms Inc (a)
 
2,839
57,263
ServiceTitan Inc Class A (a)
 
239
19,851
SoundHound AI Inc Class A (a)
 
1,271
7,791
Sprinklr Inc Class A (a)
 
2,442
15,531
Tenable Holdings Inc (a)
 
198
6,463
Terawulf Inc (a)
 
3,256
57,501
Vertex Inc Class A (a)
 
1,307
16,873
Zeta Global Holdings Corp Class A (a)
 
1,947
42,055
 
 
 
1,135,034
Technology Hardware, Storage & Peripherals - 0.3%
 
 
 
Diebold Nixdorf Inc (a)
 
352
25,904
GPGI Inc Class A
 
1,753
23,140
Quantum Computing Inc (a)
 
2,696
21,838
Xerox Holdings Corp warrants 2/14/2028 (a)
 
11
1
 
 
 
70,883
TOTAL INFORMATION TECHNOLOGY
 
 
2,585,173
Materials - 3.0%
 
 
 
Chemicals - 1.5%
 
 
 
ASP Isotopes Inc (a)
 
950
3,800
Cabot Corp
 
204
17,956
Ecovyst Inc (a)
 
1,377
16,607
Hawkins Inc
 
71
9,090
HB Fuller Co
 
193
10,673
Ingevity Corp (a)
 
88
6,434
Innospec Inc
 
278
23,902
LSB Industries Inc (a)
 
939
10,216
Minerals Technologies Inc
 
62
4,727
NewMarket Corp
 
34
28,905
Perimeter Solutions Inc (a)
 
1,341
41,048
PureCycle Technologies Inc (a)
 
2,642
16,830
Quaker Chemical Corp
 
11
1,765
Rayonier Advanced Materials Inc (a)
 
1,227
10,982
Sensient Technologies Corp
 
371
45,882
Stepan Co
 
315
20,204
Westlake Corp
 
124
8,742
 
 
 
277,763
Containers & Packaging - 0.3%
 
 
 
Ardagh Metal Packaging SA
 
2,822
13,348
Greif Inc Class A
 
290
25,100
O-I Glass Inc (a)
 
45
322
TriMas Corp
 
425
16,970
 
 
 
55,740
Metals & Mining - 1.1%
 
 
 
Alpha Metallurgical Resources Inc (a)
 
113
15,499
Century Aluminum Co (a)
 
502
22,475
Dakota Gold Corp (a)
 
2,027
9,203
Idaho Strategic Resources Inc (a)
 
284
7,972
Kaiser Aluminum Corp
 
32
5,110
Materion Corp
 
194
40,903
Metallus Inc (a)
 
704
14,164
United States Antimony Corp (a)
 
1,878
9,521
USA Rare Earth Inc Class A (a)
 
1,732
25,893
Warrior Met Coal Inc
 
437
34,702
Worthington Steel Inc
 
493
17,753
 
 
 
203,195
Paper & Forest Products - 0.1%
 
 
 
Sylvamo Corp
 
422
15,787
TOTAL MATERIALS
 
 
552,485
Real Estate - 5.5%
 
 
 
Diversified REITs - 0.7%
 
 
 
American Assets Trust Inc
 
802
18,919
Broadstone Net Lease Inc Class A
 
1,735
37,146
CTO Realty Growth Inc
 
607
13,336
Essential Properties Realty Trust Inc
 
1,114
34,857
Global Net Lease Inc
 
2,205
19,228
 
 
 
123,486
Health Care REITs - 0.6%
 
 
 
Diversified Healthcare Trust
 
2,750
24,475
LTC Properties Inc
 
574
23,098
National Health Investors Inc
 
426
32,653
Sabra Health Care REIT Inc
 
1,182
25,023
 
 
 
105,249
Hotel & Resort REITs - 0.8%
 
 
 
Apple Hospitality REIT Inc
 
2,204
36,388
DiamondRock Hospitality Co
 
2,296
30,399
Park Hotels & Resorts Inc
 
2,176
32,771
Pebblebrook Hotel Trust
 
42
802
Sunstone Hotel Investors Inc
 
2,213
26,047
Xenia Hotels & Resorts Inc
 
1,214
24,984
 
 
 
151,391
Industrial REITs - 0.0%
 
 
 
Lineage Inc
 
100
4,236
Office REITs - 0.5%
 
 
 
COPT Defense Properties
 
444
16,854
Douglas Emmett Inc
 
2,067
24,433
Piedmont Realty Trust Inc Class A1 (a)
 
2,207
21,386
Postal Realty Trust Inc Class A
 
508
11,704
SL Green Realty Corp
 
222
11,750
 
 
 
86,127
Real Estate Management & Development - 0.8%
 
 
 
AGNT Inc
 
1,856
7,517
Compass Inc Class A (a)
 
2,921
33,270
Cushman & Wakefield Ltd
 
2,245
30,128
Howard Hughes Holdings Inc (a)
 
60
3,834
Marcus & Millichap Inc
 
478
14,699
Newmark Group Inc Class A
 
1,625
24,367
Opendoor Technologies Inc Class A (a)
 
3,332
12,562
St Joe Co/The
 
121
7,531
Tejon Ranch Co (a)
 
515
8,719
 
 
 
142,627
Residential REITs - 0.1%
 
 
 
Centerspace
 
268
14,697
UMH Properties Inc
 
1,151
17,392
 
 
 
32,089
Retail REITs - 1.2%
 
 
 
Acadia Realty Trust
 
410
9,213
Alexander's Inc
 
44
11,220
CBL & Associates Properties Inc
 
313
18,376
Curbline Properties Corp
 
979
29,997
Getty Realty Corp
 
87
2,970
InvenTrust Properties Corp
 
215
7,613
Macerich Co/The
 
2,302
59,484
NETSTREIT Corp
 
166
3,561
Phillips Edison & Co Inc
 
1,061
45,082
Tanger Inc
 
487
19,801
Urban Edge Properties
 
373
8,452
 
 
 
215,769
Specialized REITs - 0.8%
 
 
 
EPR Properties
 
677
42,021
Farmland Partners Inc
 
659
6,162
Four Corners Property Trust Inc
 
1,100
28,160
Millrose Properties Inc Class A
 
1,319
36,906
Outfront Media Inc
 
662
21,098
Smartstop Self Storage REIT Inc
 
70
2,347
 
 
 
136,694
TOTAL REAL ESTATE
 
 
997,668
Utilities - 2.0%
 
 
 
Electric Utilities - 0.8%
 
 
 
Hawaiian Electric Industries Inc (a)
 
1,692
21,861
MGE Energy Inc
 
357
28,392
Oklo Inc Class A (a)
 
703
27,297
Otter Tail Corp
 
170
15,031
TXNM Energy Inc
 
794
45,989
 
 
 
138,570
Gas Utilities - 0.3%
 
 
 
Chesapeake Utilities Corp
 
224
29,743
Northwest Natural Holding Co
 
104
5,088
Spire Inc
 
283
22,600
 
 
 
57,431
Independent Power and Renewable Electricity Producers - 0.2%
 
 
 
Clearway Energy Inc Class C
 
784
24,877
Fervo Energy Co Class A (a)
 
456
10,278
Hallador Energy Co (a)
 
750
10,665
 
 
 
45,820
Multi-Utilities - 0.3%
 
 
 
Avista Corp
 
313
12,661
Northwestern Energy Group Inc
 
530
36,432
 
 
 
49,093
Water Utilities - 0.4%
 
 
 
American States Water Co
 
136
11,647
Artesian Resources Corp Class A
 
39
1,340
California Water Service Group
 
191
9,571
H2O America
 
404
24,777
Middlesex Water Co
 
287
16,445
York Water Co/The
 
294
9,105
 
 
 
72,885
TOTAL UTILITIES
 
 
363,799
TOTAL UNITED STATES
 
 
17,808,622
 
TOTAL COMMON STOCKS
 (Cost $16,714,638)
 
 
 
18,147,242
 
 
 
 
Money Market Funds - 0.1%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (d)
 (Cost $14,248)
 
3.69
14,247
14,250
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $16,728,886)
 
 
 
18,161,492
NET OTHER ASSETS (LIABILITIES) - 0.0% (c)
(3,394)
NET ASSETS - 100.0%
18,158,098
 
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value and Unrealized
Appreciation/
(Depreciation) ($)
 
LONG
 
 
 
 
CME E-Mini Russell 2000 Index Contracts (United States)
2
9/2026
29,380
(47)

Legend
 
(a)
Non-income producing.
 
(b)
Level 3 security.
 
(c)
Includes $9,605 of cash collateral to cover margin requirements for futures contracts.
 
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
 
 
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
 
 
Shares,
end
of period
Fidelity Cash Central Fund
15,420
194,489
195,661
202
-
2
14,250
14,247
 
15,420
194,489
195,661
202
-
2
14,250
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
 
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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